Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Redford area can be challenging. Home prices in Redford are now at a median cost of $105,660, lower than the Michigan average of $196,062.
The average cost of rent is $1,193/mo in Redford, primarily driven by the current value of real estate in the Redford area. While nearly 35.63% of residents own their homes outright in Redford, 24.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redford is $5,118 per month. Households that rent pay about 23.31% of their income on rent here. Redford's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Livonia, MI: higher priced homes
- Garden City, MI: higher priced homes
- Dearborn Heights, MI: higher priced homes
- Southfield, MI: higher priced homes
- Dearborn, MI: higher priced homes
- Westland, MI: higher priced homes
- Inkster, MI: less expensive homes
- Farmington, MI: higher priced homes
- Oak Park, MI: higher priced homes
- Lathrup Village, MI: higher priced homes
Cities with Similar Populations
- Fond Du Lac, WI: higher priced homes
- Nurillo, TX: equally priced homes
- Oregon City, OR: higher priced homes
- Plainfield, NJ: higher priced homes
- Port Arthur, TX: equally priced homes
- Prescott, AZ: higher priced homes
- Punta Gorda, FL: higher priced homes
- Richmond, KY: higher priced homes
- Tinley Park, IL: higher priced homes
- Hacienda Heights, CA: higher priced homes
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